GE sells part of GE Healthcare to private equity ($1.05bn)

General Electric has sold its Enterprise Financial Management, Ambulatory Care Management and Workforce Management to private equity Veritas for $1.05bn. The assets belong to GE Healthcare and provide software to companies focusing on Healthcare. GE Healthcare is one of the most important of GE’s units with over $19bn revenues per year.  Veritas is already focusing on healthcare, indeed it acquired Thomson’s Reuter Truven for $1.25bn in 2012 and Verisk Health for $820m in 2016. However, the market has not welcomed the dismissal, indeed GE’s shares have lost over 2.7% after the announcement.

(Source: WSJ)